INPRS confirms $100m commitment

The US public pension has backed Kayne Anderson's second opportunistic real estate debt vehicle.

Institution: Indiana Public Retirement System
Headquarters: Indianapolis, United States
AUM: $38.43 billion
Allocation to alternatives: 18.2%

Indiana Public Retirement System confirmed a $100 million commitment to Kayne Anderson Real Estate Opportunistic Debt II at its September 2020 board meeting, a contact at the pension informed PERE.

Kayne Anderson launched its second opportunistic real estate debt fund immediately following the closing of its $1.325 billion predecessor in June 2020.

The $38.43 billion US public pension has 7 percent target allocation to real estate that currently stands at 6.6 percent.

As illustrated below, INPRS’s real estate commitments tend to target North American vehicles pursuing value-add returns.

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